Forbo Holding AG

Chart & Performance

D1W1MN

P/E

10.29

P/S

0.90

EPS

72.69

Div Yield, %

3.10%

Shrs. gr., 5y

-3.34%

Rev. gr., 5y

-2.40%

Revenues

1.18b

-9.12%

Net income

102m

+0.89%

CFO

160m

+96.56%

Dividend

Apr 10, 202425 CHF/sh

Earnings

Mar 03, 2025

Profile

Forbo Holding AG produces and sells floor coverings, building and construction adhesives, and power transmission and conveyor belt solutions in Switzerland and internationally. The company operates through two divisions, Flooring Systems and Movement Systems. The Flooring Systems division develops, produces, and sells linoleum, vinyl floorings, entrance flooring systems, carpet tiles, needle felt floor coverings, washable textile floorings, and building and construction adhesives, as well as various accessory products for laying, processing, cleaning, and care of flooring. This division also provides ready-made adhesives for floor covering installations, parquet flooring, and ceramic tiles, as well as leveling compounds for the construction industry and liquid floors under the trade name of Eurocol. Its products are used in public buildings, department stores, hospitals and other healthcare facilities, schools, libraries, commercial and office spaces, leisure centers, shops, hotels, restaurants, and cafeterias; as well as for applications in the residential market. The Movement Systems division offers conveyor and processing belts, plastic modular belts, power transmission belts, and timing and flat belts under the Siegling brand name. Its products are used in various applications in industry, trade, and the service sector, including conveyor and processing belts in the food industry; treadmill belts in fitness studios; and flat belts in mail distribution centers. The company was founded in 1928 and is headquartered in Baar, Switzerland.

URL

https://www.forbo.com/flooring/de-at/

IPO date

Aug 02, 1996

Employees

5,357

Domiciled in

Incorporated in

Valuation

Order:

Title CHF in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CHF in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	1,175,200 -9.12%	1,293,200 3.13%	1,254,000 12.19%
Cost of revenue	1,037,800	1,140,800	1,087,000
Unusual Expense (Income)
NOPBT	137,400	152,400	167,000
NOPBT Margin	11.69%	11.78%	13.32%
Operating Taxes	29,500	29,600	40,000
Tax Rate	21.47%	19.42%	23.95%
NOPAT	107,900	122,800	127,000
Net income	102,300 0.89%	101,400 -28.19%	141,200 32.96%
Dividends	(32,600)	(35,300)	(31,400)
Dividend yield	2.19%	2.30%	1.09%
Proceeds from repurchase of equity	(11,600)	11,700	(36,200)
BB yield	0.78%	-0.76%	1.26%
Debt
Debt current		39,000	50,800
Long-term debt	53,800	53,200	63,200
Deferred revenue		(26,600)	(31,600)
Other long-term liabilities	94,100	110,300	135,500
Net debt	(17,200)	43,700	20,500
Cash flow
Cash from operating activities	160,000	81,400	166,900
CAPEX	(45,300)	(30,900)	(38,800)
Cash from investing activities	(44,100)	(30,900)	(38,800)
Cash from financing activities	(87,900)	(93,900)	(290,200)
FCF	130,200	74,300	106,700
Balance
Cash	69,100	46,700	93,300
Long term investments	1,900	1,800	200
Excess cash	12,240		30,800
Stockholders' equity	553,700	550,100	521,900
Invested Capital	662,460	678,200	656,900
ROIC	16.10%	18.40%	19.47%
ROCE	20.14%	21.81%	23.52%
EV
Common stock shares outstanding	1,410	1,414	1,541
Price	1,054.00 -3.13%	1,088.00 -41.82%	1,870.00 23.19%
Market cap	1,485,903 -3.39%	1,537,997 -46.64%	2,882,526 19.09%
EV	1,468,703	1,581,697	2,903,026
EBITDA	187,500	213,200	223,700
EV/EBITDA	7.83	7.42	12.98
Interest	3,800	2,500	800
Interest/NOPBT	2.77%	1.64%	0.48%